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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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7 years ago
When the balance of the Income Summary account is a debit, the entry to close this account is:
A) debit Revenue; credit Income Summary.
B) debit Income Summary; credit Capital.
C) debit Capital; credit Income Summary.
D) debit Income Summary; credit Revenue.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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LaffioLaffio
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Fast2F Author
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#2
7 years ago
I was skeptical at first but decided to give this a try.

Happy I did, you guys are so smart
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